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Olivier Blanchard x.com
No, and useful to repeat: Contrary to interventions such as QE or debt management by Treasury, cancellation of central bank debt has zero mechanical effect on the liabilities of either the central bank (bank reserves are the same) or the government (the debt held by private investors is the same)
interest ratesgovernmentliabilities
The subjects this post names, from the same vocabulary the directory files beliefs under, and the word it uses that this site has seen least often elsewhere. Posts are matched on those words alone — nothing here is a summary of this one.
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17 September
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What is a korrent?
A korrent is a belief a person has stated in their own words: one sentence stating the claim, backed by a quote and a source, kept at korrents.com.
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Nobody here wrote their own korrents. They are compiled from public statements, and a person can change their mind, which is recorded too.
About the English under a post
Some people here publish in a language other than English. Where they do, this site shows a machine translation beneath the post, in this typeface — the site's own, not theirs.
The post itself is never changed, moved or hidden: what is set in the serif above is exactly what the person published, and it is what to quote them on. A translation can be wrong in ways that matter, especially about tone.
Only the post's own words are translated. A quoted post, a linked article and a belief on korrents.com are left in their original language.